Boyd Gaming Corporation (BYD) vs Vail Resorts, Inc. (MTN)

Boyd Gaming Corporation and Vail Resorts, Inc. are both Resorts & Casinos companies. Boyd Gaming Corporation and Vail Resorts, Inc. are of similar size ($5.7B and $5.5B). Boyd Gaming Corporation trades at the lower P/E: 11.7× against 38.2×. Boyd Gaming Corporation grew revenue faster over the last twelve months: 0.33% against −4.26%. Boyd Gaming Corporation has the higher net margin (12.3% vs 5.20%) and the higher return on invested capital (9.42% vs 7.60%). Both pay a dividend; Vail Resorts, Inc. yields more (5.59% vs 1.01%). Across the 23 metrics below, Boyd Gaming Corporation leads on 16 and Vail Resorts, Inc. on 7.

Valuation

Metric BYD MTN Resorts & Casinos median
P/E 11.67 38.25 16.84
P/S 1.38 2.00 0.57
P/B 2.31 10.18 2.02
Price to free cash flow 137.27 22.64 10.86
EV/EBITDA 7.28 11.81 8.92
EV/Sales 1.96 3.02 1.79
Earnings yield 8.57% 2.61% 2.61%
Free cash flow yield 0.73% 4.42% 7.35%

Profitability

Metric BYD MTN Resorts & Casinos median
Gross margin 49.13% 41.33% 47.52%
Operating margin 17.77% 14.82% 12.21%
Net margin 12.29% 5.20% 3.87%
Free cash flow margin 1.01% 8.83% 5.15%
Return on equity 19.64% 22.50% 19.64%
Return on assets 7.62% 2.61% 1.70%
Return on invested capital 9.42% 7.60% 6.38%

Growth

Metric BYD MTN Resorts & Casinos median
Revenue growth (TTM) 0.33% (4.26%) 3.08%
EPS growth (last fiscal year) 264.46% (45.29%) 3.45%
Revenue growth, 5-year CAGR 13.44% 8.25% 24.21%
Net income growth, 5-year CAGR 0.00% 2.91% 0.00%

Health

Metric BYD MTN Resorts & Casinos median
Debt to equity 1.09 5.72 0.06
Current ratio 0.33 0.80 0.91
Net debt to EBITDA 1.59 4.00 4.00

Dividend

Metric BYD MTN Resorts & Casinos median
Dividend yield 1.01% 5.59% 1.98%
Payout ratio 0.12 2.14 0.49

Size

Metric BYD MTN Resorts & Casinos median
Market cap 5.45b 5.66b 3.32b

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